Tokyo stocks close flat on profit-taking
- Source: Xinhua
- [15:51 July 28 2009]
- Comments
Tokyo stocks closed flat Tuesday with the key Nikkei index down 0.01 percent as investors took profits after a nine-day winning streak.
The benchmark Nikkei 225 Average shed 1.40 points to 10,087.26.
The broader Topix index, however, gained 1.87 points, or 0.20 percent, to 930.13.
Precise machinery, oil and coal product, and rubber product issues were among the decliners while gainers were led by iron and steel, real estate and food issues.
"The market's upside was capped by profit-taking and blue-chips that have been leading the strong run-up were unloaded for gains," Hiroichi Nishi, equity manager at Nikko Cordial Securities Inc, was quoted by Kyodo News as saying.
"At the same time, downside pressure was also limited as we saw support from continued rallies in Hong Kong and other key markets," Nishi said.
On the First Section, declining issues outnumbered advancing ones 994 to 569, with 123 others remaining unchanged.
Value leader Sumitomo Mitsui Financial Group jumped 150 yen, or almost 4 percent, to 3,990 yen while volume leader Mizuho Financial Group gained 1 yen, or about 0.5 percent, to 212 yen.
The TSE's Second Section index fell 0.49 point, or 0.02 percent, to 2,226.83 on a volume of 22.05 million shares.
On the Osaka Securities Exchange, the near-term September Nikkei 225 index futures contract remained steady at 10,080.
